Brasília – After ten drops running, the forecasted growth of the economy of Brazil this year has stabilised at 2.28%. The estimate is by financial institutions approached by the Central Bank of Brazil. For 2014, the forecasted growth of Gross Domestic Product (GDP), the total of goods and services produced in the country, also remained stable, at 2.60%.
The estimate for expansion of industrial production was also not changed: 2.10% for this year and 3% for 2014. Expectations for dollar exchange rates climbed from each dollar being sold for R$ 2.24 to R$ 2.25 in late 2013, being maintained at R$ 2.30 for late 2014.
The forecast for the exchange surplus (the positive difference between exports minus imports) dropped from US$ 5.85 billion to US$ 5.70 billion this year, and climbed from US$ 8 billion to US$ 8.92 billion in 2014. Expectations for foreign direct investment (funds turned to the productive sector in the country) were maintained at US$ 60 billion both for 2013 and for next year.
*Translated by Mark Ament
